Publications of the Research Unit Corporate Taxation and Public Finance

  1. ZEW Discussion Paper No. 17-001 // 2017

    Housing Booms and Busts and Local Fiscal Policy

    This paper examines how local governments adjust their spending, savings and taxes in response to a temporary revenue windfall generated by a housing boom and how they cope with the inevitable shortfall that…

  2. Refereed Journal // 2017

    Sovereign Bond Market Reactions to No-Bailout Clauses and Fiscal Rules – The Swiss Experience

    We analyse the effects of a credible no-bailout policy and stringent sub-national fiscal rules on the risk premia of Swiss sub-national government bonds in the period from 1981 to 2007. In July 2003, the Swiss…